Is Overall Sentiment on Marathon Petroleum Bearish?

Marathon Petroleum stock is trading -20.63% below its average target price of $213.2 after dropping -3.0% during today's afternoon session. Analysts are giving the Large-Cap Oil & Gas Integrated company an average rating of buy and target prices ranging from $190.0 to $244.0 per share.

Marathon Petroleum's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 3.23. The company's insiders own 0.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 75.9%. In conclusion, we believe there is mixed market sentiment regarding Marathon Petroleum.

Institutions Invested in Marathon Petroleum

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 10% 35,084,578 $5,936,924,534
2024-03-31 Blackrock Inc. 9% 30,005,474 $5,077,451,259
2024-03-31 State Street Corporation 7% 24,019,540 $4,064,526,480
2024-03-31 Geode Capital Management, LLC 2% 7,425,047 $1,256,447,881
2024-03-31 Elliott Investment Management L.p. 2% 7,365,000 $1,246,286,878
2024-03-31 Morgan Stanley 2% 7,191,127 $1,216,864,524
2024-03-31 FMR, LLC 2% 5,722,261 $968,306,693
2024-03-31 Dimensional Fund Advisors LP 1% 4,870,983 $824,255,559
2024-03-31 Ameriprise Financial, Inc. 1% 4,834,048 $818,005,511
2024-03-31 Bank Of New York Mellon Corporation 1% 4,788,306 $810,265,164
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.